Palantir Technologies Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Palantir Technologies Inc. (PLTR) slid 3.69% to $8.10 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. Palantir Technologies Inc. closed $15.42 below its 52-week high ($23.52), which the company reached on November 15th.
The stock underperformed when compared to some of its competitors Monday, as Tyler Technologies Inc. (TYL) fell 1.31% to $320.35, Cognizant Technology Solutions Corp. (CTSH) fell 0.58% to $58.08, and Verint Systems Inc. (VRNT) rose 2.06% to $37.68. Trading volume (37.4 M) eclipsed its 50-day average volume of 37.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 17:17 ET (22:17 GMT)
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